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08/23/2011 Intraday Watering

08/23/2011 Intraday Watering

Postby Cobra » Tue Aug 23, 2011 9:01 am

Another gap up but within yesterday's range so the gap may get filled. The regular hour ES still looks like a Descending Triangle while Global ES is at a key point: clearly it's a big consolidation range or Rectangle so it's more likely to continue down but it's also very possible to breakout on the upside because it keeps getting higher low and now is above the mid line of the range. So let's wait and see. Both bears and bulls need pray: may the force be with us! :mrgreen:
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Re: 08/23/2011 Intraday Watering

Postby grachu » Tue Aug 23, 2011 9:04 am

cobra good morning. thank u for being with us every morning.. ! :D
if we break to the upside you think this leg down is over? and are you looking at 117 . ? for the next target in the upside?
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Re: 08/23/2011 Intraday Watering

Postby Cobra » Tue Aug 23, 2011 9:12 am

grachu wrote:cobra good morning. thank u for being with us every morning.. ! :D
if we break to the upside you think this leg down is over? and are you looking at 117 . ? for the next target in the upside?


I've marked the target on the chart.

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Re: 08/23/2011 Intraday Watering

Postby AK84 » Tue Aug 23, 2011 9:14 am

Morning Cobra!! Beautiful day here in New York City!
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Re: 08/23/2011 Intraday Watering

Postby 99er » Tue Aug 23, 2011 9:15 am

Good Morning.

Doing the New York Times crossword puzzle again, honey?
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd_23.html

How do you spell "fractal"?
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Re: 08/23/2011 Intraday Watering

Postby lazytrader » Tue Aug 23, 2011 9:16 am

Good Morning Cobra!!

Thanks for all the posts and sharing your expertise.

Did u get a chance to look at PUG's long term chart..

Thanks
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Re: 08/23/2011 Intraday Watering

Postby 99er » Tue Aug 23, 2011 9:17 am

Jeez!
ES http://99ercharts.blogspot.com/2011/08/es.html

How can they possibly have a zig-zag down?
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Re: 08/23/2011 Intraday Watering

Postby cougar » Tue Aug 23, 2011 9:19 am

For QQQ: a 5-th day of HOD at opening?
My bet: NO!
So, this time I shall not short within the first 5 min…LOL! I'll wait for the 30 min opening range, for all indices…
===========
I have no over-night short positions for indices or deriv.
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Re: 08/23/2011 Intraday Watering

Postby AK84 » Tue Aug 23, 2011 9:19 am

lazytrader wrote:Good Morning Cobra!!

Thanks for all the posts and sharing your expertise.

Did u get a chance to look at PUG's long term chart..

Thanks


Can you post here please?

Thanks
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Re: 08/23/2011 Intraday Watering

Postby Cobra » Tue Aug 23, 2011 9:21 am

lazytrader wrote:Good Morning Cobra!!

Thanks for all the posts and sharing your expertise.

Did u get a chance to look at PUG's long term chart..

Thanks


no

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Re: 08/23/2011 Intraday Watering

Postby trader0303 » Tue Aug 23, 2011 9:23 am

Morning everyone. I guess I've only looked at the regular hour ES. What is the global ES, and what is the symbol? On TS, I use @ES ....any idea what the global ES would be? I can't find it on google :D
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Re: 08/23/2011 Intraday Watering

Postby silicon_beaver » Tue Aug 23, 2011 9:25 am

metals are in red on my watch radar.
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Re: 08/23/2011 Intraday Watering

Postby q2model » Tue Aug 23, 2011 9:26 am

Today's Economic Calendar
8.45 Greenspan Speaks at Washington Convention Center
10.00 New Home Sales (est 310k saar)

New home sales: We look for new home sales to decline 0.8% m/m, to 310,000 units in July, and for months supply to tick lower to about 6.0 months as inventory levels continue to decline. New home sales have been stable in Q2 at an average of 315,000, but we expect the decline in MBA applications for purchase in June and July to move them a bit lower this month. New home sales had been range bound between 275,000 and 331,000 since last May, when the effects of government stimulus on housing activity began to wane; we look for them to remain in this range until months’ supply declines further.
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Re: 08/23/2011 Intraday Watering

Postby Cobra » Tue Aug 23, 2011 9:27 am

trader0303 wrote:Morning everyone. I guess I've only looked at the regular hour ES. What is the global ES, and what is the symbol? On TS, I use @ES ....any idea what the global ES would be? I can't find it on google :D


Global ES, I mean ES includes overnight session. Nowadays maybe watch the whole session ES makes more sense because the world economy is tied together.

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Re: 08/23/2011 Intraday Watering

Postby Cobra » Tue Aug 23, 2011 9:30 am

the open.
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Re: 08/23/2011 Intraday Watering

Postby jarbo456 » Tue Aug 23, 2011 9:33 am

morning everyone. looks like gap fillage today.
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Re: 08/23/2011 Intraday Watering

Postby cougar » Tue Aug 23, 2011 9:34 am

GS Daily 3LB:
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Re: 08/23/2011 Intraday Watering

Postby shumushu » Tue Aug 23, 2011 9:35 am

If the low of yesterday doesn't hold, we are going to see some serious selling this AM.
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Re: 08/23/2011 Intraday Watering

Postby cougar » Tue Aug 23, 2011 9:36 am

SPX weekly:
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Re: 08/23/2011 Intraday Watering

Postby Tabby » Tue Aug 23, 2011 9:41 am

cougar wrote:GS Daily 3LB:


Yeah, GS is in trouble. Blankfein needs to cough up some mulla to get out. Off topic, S& P president resigning by the end of year.
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